Calculate Overtime Weekly vs. Daily for employees
Calculate Overtime Weekly vs. Daily
There are three new fields that control how overtime is calculated in Payroll Time Clock Management.
First, in System Settings> Miscellaneous> Miscellaneous Settings you will find a new system setting called “Employee Overtime Calculation Method”. Selecting either “Daily” or “Weekly” will control how the Payroll Time Clock Management application calculates overtime:
Second, also in Miscellaneous Settings, you will find a system setting called “Work Week Start Day”. This setting tells the system when your Work Week (Pay Period) begins. Typically this would be set to either Sunday (0) or Monday (1) but could be set to any day of the week. By default we have set this to Monday(1):
Lastly, a new field “Work Hours per Week” has been added to the Employee Record which allows you to enter the number of “regular” hours in the employee’s workweek. When calculating overtime using the Weekly method, it will be based on “Total Hours Worked in the Week” minus “Work Hours per Week.”
Using a Work Week that starts on Monday as an example, here is how the Payroll Time Clock Management screen would look for an employee:
As you can see, the overtime hours for this employee have been calculated on a weekly basis.